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Suppose a car manufacturer wishes to know the best promotion for selling a specific type of car. At all locations in Michigan, customers are offered
Suppose a car manufacturer wishes to know the best promotion for selling a specific type of car. At all locations in Michigan, customers are offered a $3,000 rebate on this car. At all locations in Ohio, customers are offered 0% APR for a 5-year loan to purchase this car. Since each individual purchases a car at only one of those two locations, each individual is on the data set exactly one time. Data are collected from all dealerships in Michigan and Ohio. The dependent variable is daily number of cars sold, and the independent variable is promotion: 0% APR or $3,000 rebate. What is an appropriate statistical method to use to determine if there is a statistically significant difference in average number of daily cars sold when individuals who were offered a $3000 rebate vs. individuals who were offered a 0% APR, 5-year loan? Question 25 options: Independent t-test. Paired t-test. Neither of the above
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